Royce Value Trust
126 hedge funds and large institutions have $278M invested in Royce Value Trust in 2016 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 55 increasing their positions, 37 reducing their positions, and 12 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
50% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 12
49% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 37
5% more funds holding
Funds holding: 120 → 126 (+6)
1.65% more ownership
Funds ownership: 29.52% → 31.17% (+1.7%)
3% more capital invested
Capital invested by funds: $270M → $278M (+$8.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$8.16M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
+$4.42M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.42M |
| 4 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$3.18M |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$2.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$9.23M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$3.44M |
| 3 |
TPW
Tiller Private Wealth
Bethlehem,
Pennsylvania
|
-$2.75M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$2.71M |
| 5 |
Squarepoint
New York
|
-$1.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MPWT
126
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| $117 | – | – | – |
|
|
CS
127
Credit Suisse
Zurich,
Switzerland
| – | -$2.71M | -230,321 | Closed |
|
|
128
Squarepoint
New York
| – | -$1.4M | -119,151 | Closed |
|
129
SG Americas Securities
New York
| – | -$1.03M | -87,308 | Closed |
|
|
WAM
130
Weiss Asset Management
Boston,
Massachusetts
| – | -$687K | -58,389 | Closed |
|
|
WRM
131
Westport Resources Management
Westport,
Connecticut
| – | -$73K | -6,198 | Closed |
|
|
PMFA
132
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$30K | -2,537 | Closed |
|
|
MFT
133
Moisand Fitzgerald Tamayo
Orlando,
Florida
| – | -$11K | -956 | Closed |
|
|
AIA
134
Allegis Investment Advisors
Idaho Falls,
Idaho
| – | -$10K | -877 | Closed |
|
|
MCM
135
Manchester Capital Management
Manchester,
Vermont
| – | -$9K | -800 | Closed |
|
|
BFEC
136
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$8K | -651 | Closed |
|
|
AFP
137
Ausdal Financial Partners
Davenport,
Iowa
| – | -$6K | -476 | Closed |
|
|
TC
138
Trust Company
Manhattan,
Kansas
| – | -$377 | -32 | Closed |
|
RVT Hedge Fund Activity: Q1 2016 in Review
126 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Royce Value Trust (RVT) for Q1 2016, worth a combined $278M — up 3.1% from $270M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new RVT positions and 12 closed out — a net gain of 6 holders — while 55 added to existing stakes and 37 trimmed.
The largest buyer was UBS Group, adding an estimated $8.16M. The largest seller was Morgan Stanley, cutting an estimated $9.23M.
- 126 institutional investors held Royce Value Trust (RVT) as of Q1 2016, up from 120 in Q4 2015.
- Funds reported $278M of Royce Value Trust stock for Q1 2016, up 3.1% quarter-over-quarter.
- 18 funds opened new Royce Value Trust positions in Q1 2016 and 12 closed out, a net change of +6 holders.
- The largest Royce Value Trust buyer in Q1 2016 was UBS Group, an estimated $8.16M added.
- The largest Royce Value Trust seller in Q1 2016 was Morgan Stanley, an estimated $9.23M sold.
Based on aggregated 13F filings for Q1 2016.